A visible light communication system and method for transmitting and receiving an information symbol in a visible light communication system for a Color Code Modulation (CCM) scheme using a chromaticity diagram. The method includes determining a first coordinates value corresponding to an information symbol to be transmitted on the chromaticity diagram; determining a first color ratio corresponding to the first coordinates value; determining a second coordinates value corresponding to a compensation symbol for compensating for the first color ratio into a color white and determining a second color ratio corresponding to the second coordinates value; and emitting a visible ray corresponding to each of the first color ratio and second color ratio. The first and second coordinates values are located on a line on the chromaticity diagram.